The pair has been on the bearish trend for awhile now, from daily time frame you can see a bearish engulfing candlestick price action pattern at the upper trendline price level 1.30230, this with the bearish trend connote the price will move down to the lower trendline at 1.28350.
Bias: SELL @ CURRENT PRICE 1.29166 TARGET 1.28552 SL 1.2965
Bias: SELL @ CURRENT PRICE 1.29166 TARGET 1.28552 SL 1.2965
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.